BED-3031 Entrepreneurial Financial Management - 10 stp

Applicants from Nordic countries: June 1st.

Exchange students: April 15th.

Exchange students are students from academic institutions with which UiT The Arctic University of Norway have formal exchange agreements.

Students have to hold a bachelor degree (180 ECTS) or equivalen in one of the following disciplines: Business, Management, Marketing, Computer Science, Information Technology, Engineering, Electrical engineeing, Physics, Health, Energy, Fisheries or Biotechnology.

• The Norwegian grading system is an A-F scale in which A is the highest score and F is fail. An average grade C from a bachelor degree issued in Norway is the minimum requirement for admission to the master's level for students with Norwegian study background.
• Applicants who hold a bachelor's degree or equivalent issued in Europe, Canada, USA, Australia and New Zealand must have an average grade C as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.
• Applicants who hold a bachelor's degree or equivalent issued in countries other than the above mentioned region/countries must have an average grade B as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.

Students who have successfully completed the course should have achieved the following learning outcomes:

Knowledge and comprehension:

• Knowledge of differences between traditional corporate finance and entrepreneurial finance in cash flow, financial source, risk management etc.
• Knowledge of how to make financial forecasts by incorporating supply and demand considerations into the forecast.
• Comprehension of different valuation techniques appropriate to an entrepreneurial setting.
• Knowledge of the objectives and requirements of different funding sources including venture capital, private equity, and traditional financing sources.

Skills:

The course should prepare the student to:

• Prepare a pro forma financial model using publicly available data that can be used to determine financing needs for start-up businesses.
• Demonstrate skills to make financial forecasts in Excel for entrepreneurial firms.
• Make valuations of enterprise using several different methodologies common for entrepreneurial ventures.
• Structure deals with providers of financing to achieve objectives and overcome uncertainties and information asymmetries inherent in new ventures.

Competence:

• Be able to suggest good management strategies for developing an entrepreneurial business.
• Be able to manage the financial aspects of an entrepreneurial venture to survive the financial challenges and capture maximum value in financing and harvesting the enterprise.

There is a home exam at this course.

A graded scale of five marks from A to E for pass and F for fail.

There will not be arranged a re-sit exam for this course.